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MSFG Trading Below Director's Recent Buy Price

By Market News Video Staff, Tuesday, November 29, 11:58 AM ET
Play Video: One Reason For Insiders to Buy

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 6, MainSource Financial Group's Director, Charles J. Thayer, invested $4,075.00 into 500 shares of MSFG, for a cost per share of $8.15. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Tuesday, bargain hunters could buy shares of MainSource Financial Group Inc (NASDAQ:MSFG) and achieve a cost basis 4.4% cheaper than Thayer, with shares changing hands as low as $7.79 per share. It should be noted that Thayer has collected $0.01/share in dividends since the time of their purchase, so they are currently down 4.3% on their purchase from a total return basis. MainSource Financial Group Inc shares are currently trading down about 1.9% on the day. The chart below shows the one year performance of MSFG shares, versus its 200 day moving average:

MainSource Financial Group Inc Chart

Looking at the chart above, MSFG's low point in its 52 week range is $6.88 per share, with $10.87 as the 52 week high point that compares with a last trade of $7.80. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
06/15/2011 Archie M. Brown Jr. President and CEO 1,513 $7.12 $10,772.56
08/04/2011 John G. Seale Director 3,700 $8.90 $32,930.00
08/15/2011 Charles J. Thayer Director 2,000 $8.00 $16,000.00
08/18/2011 Charles J. Thayer Director 500 $8.20 $4,100.00
08/19/2011 Charles J. Thayer Director 1,000 $8.15 $8,150.00
08/23/2011 Charles J. Thayer Director 1,500 $8.07 $12,105.00
09/06/2011 Charles J. Thayer Director 500 $8.15 $4,075.00

MSFG operates in the Banking & Savings sector, among companies like Banco Bradesco S.A. (NYSE:BBD) which is up about 0.2% today, and Deutsche Bank AG (NYSE:DB) trading higher by about 1.7%. Below is a three month price history chart comparing the stock performance of MSFG, versus BBD and DB.

MSFG,BBD,DB Relative Performance Chart


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